StockNews.com Upgrades World Acceptance (NASDAQ:WRLD) to Strong-Buy

World Acceptance (NASDAQ:WRLD) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Separately, Stephens initiated coverage on shares of World Acceptance in a research report on Wednesday, November 13th. They set an “equal weight” rating and a $10.00 price objective for the company.

World Acceptance Stock Up 2.5 %

WRLD stock opened at $115.41 on Monday. The company’s 50 day moving average price is $116.71 and its 200 day moving average price is $118.23. The firm has a market capitalization of $663.61 million, a price-to-earnings ratio of 7.85 and a beta of 1.44. World Acceptance has a fifty-two week low of $101.85 and a fifty-two week high of $149.31. The company has a debt-to-equity ratio of 1.21, a quick ratio of 19.53 and a current ratio of 19.53.

Insider Buying and Selling at World Acceptance

In other news, insider Luke J. Umstetter sold 550 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $114.30, for a total value of $62,865.00. Following the completion of the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at approximately $1,299,591. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 43.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of World Acceptance by 10.0% during the third quarter. HighTower Advisors LLC now owns 1,791 shares of the credit services provider’s stock worth $211,000 after acquiring an additional 163 shares during the last quarter. Barclays PLC boosted its stake in World Acceptance by 282.9% during the 3rd quarter. Barclays PLC now owns 7,657 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 5,657 shares during the period. Jane Street Group LLC grew its position in World Acceptance by 24.0% during the 3rd quarter. Jane Street Group LLC now owns 8,271 shares of the credit services provider’s stock worth $976,000 after purchasing an additional 1,601 shares during the last quarter. Millennium Management LLC increased its stake in World Acceptance by 125.2% in the second quarter. Millennium Management LLC now owns 22,184 shares of the credit services provider’s stock valued at $2,741,000 after purchasing an additional 12,333 shares during the period. Finally, FMR LLC boosted its stake in shares of World Acceptance by 19.0% during the third quarter. FMR LLC now owns 822 shares of the credit services provider’s stock worth $97,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.